Another setback for Noble Group.

https://sg.finance.yahoo.com/news/noble-group-says-proposed-deals-sell-four-ships-033536957--sector.html

Noble Group is finding it difficult to sell its assets as buyers are getting wary of Noble.

Why are buyers getting wary of Noble?

More bad news for Bitcoin!

https://sg.news.yahoo.com/bitcoin-plunges-20-japan-fearing-inspection-043203511.html

Bitcoin price has dropped to $8,000 now.

Let's see how Bitcoin will react to the G20 summit in March 2018.

India to ban cryptocurrency! Another setback for bitcoin!

https://finance.yahoo.com/news/bitcoin-skids-lowest-since-november-124450120.html

Besides merchants dumping bitcoin payment system, governments are also banning crypto trading.

Do you still believe in crypto?

USA aegis missile defence system failed to intercept an incoming hostile missile.

https://sg.news.yahoo.com/missile-test-fail-u-unable-091712478.html

The effectiveness of the USA missile defence system is overstated by the USA.  The latest test showed that the Aegis defence system failed to intercept a simple incoming missile.  If the missile carries multiple warheads, the Aegis cannot protect the country at all.

Midas - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/20/16	OCBC	Midas	0.27	0.29	Hold
02/04/16	DBS Vickers	Midas	0.25	0.49	Buy
03/02/16	DBS Vickers	Midas	0.265	0.41	Buy	PB0.8x FY16
03/04/16	OCBC	Midas	0.275	0.295	Hold	PB0.55x FY16
05/16/16	OCBC	Midas	0.265	0.295	Hold
08/15/16	OCBC	Midas	0.24	0.25	Hold	PB0.5x FY16
08/16/16	DBS Vickers	Midas	0.24	0.38	Buy	PB0.8x FY16
11/18/16	DBS Vickers	Midas	0.225	0.38	Buy	PB0.8x
11/24/16	OCBC	Midas	0.225	0.245	Hold	PB0.5x FY17
03/01/17	OCBC	Midas	0.26	0.255	Hold	PB0.6x FY17
03/02/17	DBS Vickers	Midas	0.245	0.36	Buy
04/10/17	DBS Vickers	Midas	0.225	0.36	Buy
04/11/17	OCBC	Midas	0.23	0.255	Hold
05/18/17	OCBC	Midas	0.225	0.245	Hold	PB0.6x FY17
05/23/17	DBS Vickers	Midas	0.225	0.36	Buy
08/16/17	OCBC	Midas	0.215	0.225	Hold	PB0.5x FY17
08/16/17	DBS Vickers	Midas	0.215	0.36	Buy	PB0.8x
11/14/17	OCBC	Midas	0.215	0.225	Hold

Micro-Mechanics - Stock calls

Date	Analyst	Company	Last	Target	Call	Percent	Valuation
09/22/17	Phillip	Micro-Mechanics	1.545	2	Buy	29.45	PER15x FY18
10/31/17	Phillip	Micro-Mechanics	2.03	2.5	Buy	23.15	PER16x FY18
01/31/18	Phillip	Micro-Mechanics	2.35	2.5	Accumulate	6.38

Stock calls for 1 February 2018

Date	Analyst	Company	Last	Target	Call	Valuation
02/01/18	Lim & Tan	AIMS AMP Cap Ind Reit	1.37	0	Hold
02/01/18	DBS Vickers	CapitaRetail China	1.69	1.8	Buy	DCF
02/01/18	OCBC	CapitaRetail China	1.69	1.66	Hold
02/01/18	DBS Vickers	Chip Eng Seng	1.01	1.18	Buy
02/01/18	OCBC	DBS	26.4	29.5	Buy	PB1.45x FY18
02/01/18	CIMB	OUE Commercial	0.75	0.75	Hold	DDM
02/01/18	OCBC	OUE Commercial	0.75	0.69	Hold
02/01/18	UOB Kay Hian	Thai Beverage	0.92	1.06	Buy	Sum of parts

Another merchant has dumped bitcoin payment system.

https://www.coindesk.com/stripe-to-end-support-for-bitcoin-transactions/

Stripe will end bitcoin payment system after Steam.

We've stated on numerous occasions that bitcoin is impractical to be used for transactions.

http://sg-stock.blogspot.sg/2017/12/how-practical-and-useful-is-bitcoin.html

When people don't use bitcoin but only speculate in bitcoin, there is no real value in bitcoin.

Metro - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/26/16	Lim & Tan	Metro	1.09	0	Hold
10/12/16	Lim & Tan	Metro	1.01	0	Hold
05/30/17	Lim & Tan	Metro	1.17	0	Hold

Mermaid Maritime - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/17/16	DBS Vickers	Mermaid Maritime	0.116	0.09	Fully Valued	PB0.2x FY16
03/01/16	DBS Vickers	Mermaid Maritime	0.104	0.09	Fully Valued
05/25/16	DBS Vickers	Mermaid Maritime	0.102	0.09	Fully Valued
06/10/16	CIMB	Mermaid Maritime	0.122	0.16	Add	PB0.5x FY16
09/30/16	CIMB	Mermaid Maritime	0.102	0.16	Add
10/21/16	CIMB	Mermaid Maritime	0.103	0.16	Add	PB0.5x FY16
11/16/16	CIMB	Mermaid Maritime	0.119	0.17	Add	PB0.5x FY17
11/16/16	DBS Vickers	Mermaid Maritime	0.119	0.12	Hold	PB0.35x FY17
12/05/16	CIMB	Mermaid Maritime	0.145	0.17	Add	PB0.5x FY17
12/05/16	DBS Vickers	Mermaid Maritime	0.145	0.14	Hold
01/03/17	CIMB	Mermaid Maritime	0.15	0.24	Add	PB0.65x CY17
01/09/17	DBS Vickers	Mermaid Maritime	0.195	0.24	Buy	PB0.7x FY17
03/02/17	CIMB	Mermaid Maritime	0.2	0.28	Add	PB0.77x FY17
03/02/17	DBS Vickers	Mermaid Maritime	0.2	0.25	Buy	DCF & PER0.7x
05/17/17	CIMB	Mermaid Maritime	0.18	0.19	Hold	PB0.56x FY17
05/17/17	DBS Vickers	Mermaid Maritime	0.18	0.2	Hold	Sum of parts
08/18/17	CIMB	Mermaid Maritime	0.143	0.14	Reduce	PB0.4x FY17
08/18/17	DBS Vickers	Mermaid Maritime	0.143	0.14	Hold	PB0.6x
09/14/17	CIMB	Mermaid Maritime	0.126	0.14	Reduce
11/16/17	CIMB	Mermaid Maritime	0.138	0.14	Reduce	PB0.4x CY17
11/17/17	DBS Vickers	Mermaid Maritime	0.138	0.14	Hold	PB0.6x
01/12/18	CIMB	Mermaid Maritime	0.139	0.14	Hold	PB0.43x CY18
01/23/18	DBS Vickers	Mermaid Maritime	0.155	0.14	Hold

Stock calls for 31 January 2018

Date	Analyst	Company	Last	Target	Call	Valuation
01/31/18	DBS Vickers	China Aviation Oil	1.65	2.08	Buy	PER13x FY18
01/31/18	Phillip	Micro-Mechanics	2.35	2.5	Accumulate
01/31/18	DBS Vickers	OUE Hospitality	0.885	0.93	Buy	DCF
01/31/18	Lim & Tan	OUE Hospitality	0.885	0	Hold

Taiwanese ex-judge was caught selling coal for North Korea!

http://www.taipeitimes.com/News/front/archives/2018/01/31/2003686741

After a Taiwanese businessman was caught selling oil to North Korea in international water, another Taiwanese ex-judge was caught selling coal for North Korea to Vietnam.

We know now that Vietnam has been buying North Korea's coal for a long time.  How will the USA deal with Taiwan & Vietnam?

Let's see.

Indian man raped an 8-month old baby!

https://sg.news.yahoo.com/outcry-india-eight-month-old-baby-girl-raped-cousin-094544449.html

Indian men are just beasts!

They can get sexually excited easily when they see babies and women.

https://sg-stock.blogspot.sg/2017/11/indian-man-raped-18-month-toddler.html

https://sg-stock.blogspot.sg/2017/02/visit-india-at-your-own-risk.html

https://sg-stock.blogspot.sg/2017/10/here-we-go-again-indian-man-raped-woman.html

Bitcoin encourages illegal money transfers.

https://finance.yahoo.com/news/south-korea-says-uncovered-600-million-cryptocurrency-crimes-024544384--business.html

This kind of illegal money transfer will prompt the Korean government to do more to ban crypto trading because bitcoin will disrupt monetary policies such as capital control in times of economic downturns.

We've stated this a couple of times.

http://sg-stock.blogspot.sg/2017/09/china-has-made-decision-to-shut-down.html

Memtech - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/22/16	OCBC	Memtech	0.615	0.72	Hold	Stock consol 5-into-1
02/29/16	CIMB	Memtech	0.595	0.94	Add	PER9x CY17
02/29/16	OCBC	Memtech	0.595	0.725	Hold	PER9.1x
03/07/16	OCBC	Memtech	0.65	0.725	Hold
03/17/16	CIMB	Memtech	0.63	0.94	Add
04/01/16	OCBC	Memtech	0.7	0.725	Hold
04/29/16	Amfrasers	Memtech	0.73	0.69	Hold
05/03/16	OCBC	Memtech	0.69	0.68	Hold	PER11.1x
05/04/16	CIMB	Memtech	0.69	0.86	Add	PER9x CY17
06/01/16	OCBC	Memtech	0.665	0.68	Hold
06/20/16	CIMB	Memtech	0.66	0.86	Add	PER9x CY17
08/10/16	OCBC	Memtech	0.63	0.5	Hold
08/15/16	Amfrasers	Memtech	0.57	0.52	Hold	PER8x FY16/17
08/15/16	CIMB	Memtech	0.57	0.64	Add	PER8x FY17
08/17/16	OCBC	Memtech	0.58	0.48	Hold	PER11.1x FY16/17
09/13/16	OCBC	Memtech	0.6	0.48	Hold
11/14/16	Amfrasers	Memtech	0.595	0.67	Buy	PER8x FY17
11/14/16	CIMB	Memtech	0.595	0.74	Add	PER8x CY18
11/14/16	OCBC	Memtech	0.595	0.76	Buy	PER11.1x FY17
12/06/16	CIMB	Memtech	0.63	0.74	Add	PER8x CY18
01/10/17	OCBC	Memtech	0.635	0.76	Buy
02/27/17	CIMB	Memtech	0.65	0.76	Add	PER8x FY18
02/27/17	OCBC	Memtech	0.65	0.77	Hold	PER11.1x FY17, Buy @ $0.60 or lower
04/25/17	Lim & Tan	Memtech	0.79	1	Buy	PER10.6x, PB0.9x
04/25/17	UOB Kay Hian	Memtech	0.79	1.05	Buy
04/28/17	CIMB	Memtech	0.875	1.09	Add	PER10x FY18
05/02/17	OCBC	Memtech	0.855	0.85	Hold
05/19/17	CIMB	Memtech	0.785	1.09	Add	PER10x FY18
05/29/17	Lim & Tan	Memtech	0.92	1.1	Buy	PER11x, PB1x
05/30/17	UOB Kay Hian	Memtech	0.97	1.15	Buy	PER12.5x FY17
07/03/17	UOB Kay Hian	Memtech	0.895	1.15	Buy	PER12.5x FY17
07/05/17	CIMB	Memtech	0.905	1.09	Add
07/06/17	OCBC	Memtech	0.91	0.85	Hold
07/28/17	Lim & Tan	Memtech	1.005	0	Buy
08/04/17	CIMB	Memtech	1.035	1.16	Add	PER10.4x FY18
08/08/17	UOB Kay Hian	Memtech	1.02	1.15	Buy	PER12.5x FY17
08/11/17	UOB Kay Hian	Memtech	1.04	1.18	Buy	PER10.3x FY18
08/11/17	Lim & Tan	Memtech	1.04	1.13	Buy	PB1x
09/05/17	UOB Kay Hian	Memtech	0.945	1.18	Buy	PER10.3x FY18
10/04/17	UOB Kay Hian	Memtech	1.01	1.18	Buy	PER10.3x FY18
10/11/17	UOB Kay Hian	Memtech	1.045	1.33	Buy	PER11.6x FY18
10/11/17	Lim & Tan	Memtech	1.045	1.3	Buy	PER13.7x
11/02/17	UOB Kay Hian	Memtech	1.175	1.33	Buy
11/13/17	CIMB	Memtech	1.14	1.33	Add	PER10x FY19
12/20/17	CIMB	Memtech	1.09	1.33	Add
01/10/18	CIMB	Memtech	1.15	1.33	Add
01/24/18	CLSA	Memtech	1.28	2	Buy	PEG0.45x, PER15x CY18

Mapletree Logistics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/16	UOB Kay Hian	Mapletree Logistics	0.99	1.28	Buy
01/08/16	DBS Vickers	Mapletree Logistics	0.985	1.15	Buy	DCF
01/26/16	Deutsche	Mapletree Logistics	0.91	1.1	Buy
01/26/16	DIR	Mapletree Logistics	0.91	1.04	Outperform	DDM
01/26/16	OCBC	Mapletree Logistics	0.91	1.04	Buy	DDM
01/27/16	DMG & Partners	Mapletree Logistics	0.93	0.89	Neutral	DDM, PB0.87x
02/25/16	Deutsche	Mapletree Logistics	0.97	1.1	Buy
03/17/16	DMG & Partners	Mapletree Logistics	0.98	0.89	Neutral
03/24/16	Deutsche	Mapletree Logistics	1.01	1.1	Buy
03/28/16	UOB Kay Hian	Mapletree Logistics	1.005	1.28	Buy
04/05/16	Deutsche	Mapletree Logistics	1.005	1.1	Buy
04/13/16	Kim Eng	Mapletree Logistics	1.005	1.06	Not Rated
04/15/16	DBS Vickers	Mapletree Logistics	1.01	1.15	Buy
04/27/16	UOB Kay Hian	Mapletree Logistics	1.085	1.28	Buy
05/03/16	CIMB	Mapletree Logistics	1.08	1.02	Hold	DDM
05/03/16	Credit Suisse	Mapletree Logistics	1.08	1.08	Neutral
05/03/16	DBS Vickers	Mapletree Logistics	1.08	1.1	Hold
05/03/16	OCBC	Mapletree Logistics	1.08	1.02	Hold
05/04/16	DIR	Mapletree Logistics	1.05	1.02	Hold	DDM
05/17/16	Deutsche	Mapletree Logistics	0.98	1.05	Buy
05/17/16	DMG & Partners	Mapletree Logistics	0.98	0.89	Neutral
06/29/16	Lim & Tan	Mapletree Logistics	1	0	Hold
06/29/16	OCBC	Mapletree Logistics	1	1.02	Hold
06/29/16	UOB Kay Hian	Mapletree Logistics	1	1.28	Buy
06/30/16	DIR	Mapletree Logistics	1	1	Hold	DDM
07/04/16	DMG & Partners	Mapletree Logistics	1	0.89	Neutral
07/18/16	UOB Kay Hian	Mapletree Logistics	1.05	1.32	Buy
07/19/16	Credit Suisse	Mapletree Logistics	1.045	1.12	Neutral
07/26/16	Deutsche	Mapletree Logistics	1.06	1.05	Buy
07/26/16	DIR	Mapletree Logistics	1.06	1.04	Hold	DDM
07/26/16	Lim & Tan	Mapletree Logistics	1.06	0	Hold
07/26/16	OCBC	Mapletree Logistics	1.06	1.04	Hold
07/27/16	CIMB	Mapletree Logistics	1.065	1.04	Hold	DDM
07/27/16	DBS Vickers	Mapletree Logistics	1.065	1.15	Buy
07/27/16	UOB Kay Hian	Mapletree Logistics	1.065	1.28	Buy	DDM
08/16/16	DBS Vickers	Mapletree Logistics	1.06	1.15	Buy
08/16/16	Deutsche	Mapletree Logistics	1.06	1.15	Buy
08/31/16	Credit Suisse	Mapletree Logistics	1.075	1.12	Neutral
09/26/16	DMG & Partners	Mapletree Logistics	1.08	0.89	Neutral
09/26/16	Lim & Tan	Mapletree Logistics	1.08	0	Hold
09/29/16	UOB Kay Hian	Mapletree Logistics	1.08	1.28	Buy	DDM
10/14/16	DIR	Mapletree Logistics	1.045	1.04	Hold
10/25/16	Lim & Tan	Mapletree Logistics	1.055	0	Hold
10/25/16	OCBC	Mapletree Logistics	1.055	1.05	Hold
10/26/16	CIMB	Mapletree Logistics	1.055	1.03	Hold	DDM
10/26/16	Credit Suisse	Mapletree Logistics	1.055	1.12	Neutral
10/26/16	DBS Vickers	Mapletree Logistics	1.055	1.15	Buy
10/26/16	UOB Kay Hian	Mapletree Logistics	1.055	1.21	Buy
11/16/16	Deutsche	Mapletree Logistics	0.975	1.15	Buy
12/05/16	DMG & Partners	Mapletree Logistics	1.015	0.89	Neutral
12/07/16	Deutsche	Mapletree Logistics	1.015	1.15	Buy
12/09/16	UOB Kay Hian	Mapletree Logistics	1.025	1.2	Buy
12/16/16	CIMB	Mapletree Logistics	0.995	1.02	Hold	DDM
12/19/16	Lim & Tan	Mapletree Logistics	1	0	Hold
01/09/17	DBS Vickers	Mapletree Logistics	1.04	1.15	Buy
01/24/17	DIR	Mapletree Logistics	1.06	1.04	Hold	DDM
01/24/17	UOB Kay Hian	Mapletree Logistics	1.06	1.2	Buy	DDM
01/25/17	CIMB	Mapletree Logistics	1.055	1.02	Hold	DDM
01/25/17	OCBC	Mapletree Logistics	1.055	1.06	Hold
01/31/17	Credit Suisse	Mapletree Logistics	1.055	1.12	Neutral
02/28/17	Deutsche	Mapletree Logistics	1.07	1.15	Buy
03/07/17	UOB Kay Hian	Mapletree Logistics	1.06	1.2	Buy
03/24/17	OCBC	Mapletree Logistics	1.08	1.06	Hold
03/30/17	DBS Vickers	Mapletree Logistics	1.09	1.28	Buy
03/30/17	DIR	Mapletree Logistics	1.09	1.09	Hold	DDM
04/11/17	UOB Kay Hian	Mapletree Logistics	1.11	1.2	Buy
04/18/17	DIR	Mapletree Logistics	1.105	1.09	Hold
04/18/17	Kim Eng	Mapletree Logistics	1.105	1.2	Hold	DDM
05/02/17	CIMB	Mapletree Logistics	1.13	1.1	Hold	DDM
05/02/17	DBS Vickers	Mapletree Logistics	1.13	1.28	Buy
05/02/17	DIR	Mapletree Logistics	1.13	1.1	Hold	DDM
05/02/17	Kim Eng	Mapletree Logistics	1.13	1.2	Buy	DDM
05/02/17	OCBC	Mapletree Logistics	1.13	1.14	Hold	DDM
05/25/17	Deutsche	Mapletree Logistics	1.155	1.2	Buy
05/25/17	UOB Kay Hian	Mapletree Logistics	1.155	1.29	Buy
06/12/17	DBS Vickers	Mapletree Logistics	1.2	1.28	Buy
06/22/17	Deutsche	Mapletree Logistics	1.18	1.2	Buy
06/22/17	Kim Eng	Mapletree Logistics	1.18	1.2	Hold
07/03/17	Kim Eng	Mapletree Logistics	1.2	1.2	Hold
07/05/17	Lim & Tan	Mapletree Logistics	1.195	0	Hold
07/11/17	DIR	Mapletree Logistics	1.19	1.07	Underperform	DDM
07/11/17	OCBC	Mapletree Logistics	1.19	1.15	Hold	DDM
07/25/17	UOB Kay Hian	Mapletree Logistics	1.22	1.29	Buy	DDM
07/25/17	Credit Suisse	Mapletree Logistics	1.22	1.15	Neutral
07/26/17	CIMB	Mapletree Logistics	1.235	1.12	Hold	DDM
07/26/17	DBS Vickers	Mapletree Logistics	1.235	1.28	Buy	DCF
08/14/17	OCBC	Mapletree Logistics	1.19	1.15	Hold
08/15/17	DBS Vickers	Mapletree Logistics	1.19	1.28	Buy
08/30/17	Kim Eng	Mapletree Logistics	1.21	1.19	Hold	DDM
08/30/17	CIMB	Mapletree Logistics	1.21	1.13	Hold	DDM
08/30/17	Lim & Tan	Mapletree Logistics	1.21	0	Hold
08/31/17	OCBC	Mapletree Logistics	1.23	1.35	Buy
09/22/17	OCBC	Mapletree Logistics	1.2	1.35	Buy
09/27/17	DIR	Mapletree Logistics	1.205	1.1	Underperform
10/05/17	OCBC	Mapletree Logistics	1.24	1.35	Buy
10/20/17	DBS Vickers	Mapletree Logistics	1.225	1.38	Buy
10/23/17	UOB Kay Hian	Mapletree Logistics	1.24	1.29	Buy
10/24/17	Lim & Tan	Mapletree Logistics	1.275	0	Hold
10/25/17	Credit Suisse	Mapletree Logistics	1.255	1.18	Neutral
10/25/17	Kim Eng	Mapletree Logistics	1.255	1.25	Hold	DDM
10/25/17	CIMB	Mapletree Logistics	1.255	1.21	Hold	DDM
11/30/17	OCBC	Mapletree Logistics	1.26	1.35	Buy
12/01/17	UOB Kay Hian	Mapletree Logistics	1.27	1.37	Buy
12/06/17	Lim & Tan	Mapletree Logistics	1.28	0	Hold
12/18/17	DBS Vickers	Mapletree Logistics	1.32	1.38	Buy
01/09/18	DBS Vickers	Mapletree Logistics	1.36	1.38	Buy
01/10/18	Lim & Tan	Mapletree Logistics	1.35	0	Hold
01/23/18	UOB Kay Hian	Mapletree Logistics	1.35	1.41	Hold	DDM
01/23/18	OCBC	Mapletree Logistics	1.35	1.35	Buy
01/24/18	CIMB	Mapletree Logistics	1.38	1.43	Add	DDM
01/24/18	Credit Suisse	Mapletree Logistics	1.38	1.18	Neutral
01/24/18	OCBC	Mapletree Logistics	1.38	1.48	Buy
01/24/18	DBS Vickers	Mapletree Logistics	1.38	1.45	Buy

Stock calls for 30 January 2018

Date	Analyst	Company	Last	Target	Call	Valuation
01/30/18	DBS Vickers	Ascendas Hospitality Trust	0.875	0.91	Buy
01/30/18	DBS Vickers	Ascendas India Trust	1.13	1.25	Buy
01/30/18	UOB Kay Hian	SIA Engineering	3.26	4	Buy	DCF, PER24.9x FY18
01/30/18	OCBC	Starhill	0.78	0.77	Hold
01/30/18	Lim & Tan	Starhill	0.78	0	Hold

Apple is in trouble now! - Part 2

https://sg.news.yahoo.com/slow-response-forces-apple-halve-iphone-x-production-050404632.html

Apple is cutting its Iphone X production more than analysts predicted.

Apple has faced up to the reality now.  We did warn about it previously because of its high price & bad reviews.

https://sg-stock.blogspot.sg/2017/12/apple-is-in-trouble-now.html

OMG! Noble group investors will lose 90% of equity after the debt restructuring deal.

https://finance.yahoo.com/news/noble-group-shares-tumble-debt-013601667.html

Existing shareholders took a heavy hit on the debt restructuring, causing them to suffer 90% share dilution.

Initially, Noble group denied the conclusion of the debt restructuring deal but it admitted lately that in-principle approval was received for the conclusion.

https://www.reuters.com/article/us-noble-debt-restructuring/creditors-to-take-70-percent-of-noble-group-in-3-5-billion-debt-restructuring-idUSKBN1FI256

What is an artificial deadline?

https://sg.yahoo.com/news/picking-next-pm-not-constrained-artificial-deadline-ong-ye-kung-024640353.html

What is the definition of an artificial deadline? I thought all deadlines were synthetic as they're all set by humans.  Is there a natural or spontaneous deadline?

Is this the new way to circumvent a deadline that you cannot meet?  When you cannot meet a deadline, you can just tell your boss that we must not be constrained by the artificial deadline.

Our government has redefined many things recently.